CURRENT CAP RATE OF 7.39% AND PRICED APPROXIMATELY $70,000 BELOW RECENT APPRAISED VALUE! Rare opportunity to own a highly versatile income-producing property featuring three separate smart-enabled buildings on more than an acre in Biddeford. Ideal for an investor, owner-occupant, multigenerational living, family compound, traditional rentals, or a combination of long- and short-term rental strategies. The main residence offers three bedrooms plus an in-law suite with its own kitchen, radiant floor heating in key areas, two laundry rooms, custom tiled bathrooms, Viessmann heating system, newer metal roof, and 20KW whole-house generator. Wall-mounted TVs convey. A second detached building features a full bath, two ductless mini-splits, dedicated 10KW generator, full networking capabilities, and was structurally designed for a future second story. The turnkey cottage provides another independent living or rental opportunity with an open floor plan, washer/dryer, mounted TV, Bose surround sound, and its own 10KW generator. All three buildings are integrated with smart technology offering app-based control of lights, locks, cameras, thermostats, and alarms. Additional features include separate electric meters, individual in-ground propane tanks with remote monitoring, a newer leach field installed in 2021, paved parking, and room for potential future expansion. Conveniently located near downtown Biddeford, the University of New England, beaches, restaurants, and I-95. A unique opportunity to acquire an income-producing property below recent appraised value while offering multiple possibilities for how the next owner can live, invest, and generate income.
